WILLIAM D. HAGER
CURRICULUM VITAE

PRESIDENT, INSURANCE METRICS CORPORATION
BOCA RATON, FLORIDA - JANUARY 2000 to PRESENT
Mr. Hager formed Insurance Metrics Corporation in early 2000. The focus of this Corporation is three-fold:
1. The provision of reinsurance arbitration service,
2. The provision of expert insurance witness services and
3. The provision of non-litigation insurance consulting.

CO-FOUNDER, RISK METRICS CORPORATION
BOCA RATON, FLORIDA - 1998 to 1999
Co-founded this information company in 1998. Risk Metrics gathers and sells public data to a wide range of customers. Mr. Hager recently sold his shares in Risk Metrics and no longer holds a position in the Company.

PRESIDENT AND CHIEF EXECUTIVE OFFICER, NCCI, INC.
BOCA RATON, FLORIDA - 1990 to 1998
Mr. Hager was appointed President and CEO of NCCI in May 1990. NCCI is the nation's largest workers compensation and health care informatics corporation. Headquartered in Boca Raton, Florida, the corporation provides rate making services, database products, software, publications and consultation services to state funds, self-insureds, independent bureaus, agents, regulatory authorities, legislatures and more than 700 insurance companies. While under Mr. Hager's leadership, NCCI had annual revenues approaching $150 million, NCCI employed 1,000 people located in 20 offices around the United States and was and is the licensed statistical and rate advisory organization in nearly 40 states. During Hager's leadership, NCCI had annual pricing responsibility for some $16 billion of workers compensation premium and responsibility to gain regulatory approval of that pricing.
Specific expert skills and attributes that emanate from this position include:

• Reported to a Board of Directors consisting of the lead insurance industry CEOs.
• Oversaw an actuarial department with 150 employees.
• Oversight of the creation, updating, and interpretation of all NCCI premium rating manuals including the Basic Manual, Experience Rating Manual, Retrospective Rating Manual, Classification Manual, and SCOPES Manual.
• Familiarity with the rate making process, the strategy relating to rate filings and
  the organizational intent of all rate making organizations.
• Positioned to provide powerful and pivotal strategic guidance and testimony to maximize either the resistance to a proposed rate filing or its approval. Working with a former NCCI FCAS, we are able to zero in on the relevant features of these rate filings.
• Positioned to provide pivotal expert testimony as to whether an insurer's
  behavior conforms or fails to conform to industry practices.
• Ability to determine damages, including punitive damages as appropriate, regarding workers compensation insurers.

INSURANCE COMMISSIONER, STATE OF IOWA
DES MOINES, IOWA - 1986 to 1990
As Insurance Commissioner appointed by Governor Terry Branstad in July 1986, Mr. Hager was responsible for the regulatory oversight of all insurance companies, agents and brokers authorized to conduct business in the state of Iowa. He directed departments responsible for solvency oversight, consumer protection, agency licensing, and the administration of property and casualty, life and health insurance industries. In addition, Mr. Hager oversaw state regulation of the securities industry with Iowa's Supervisor of Securities reporting directly to him.
Specific expert skills and attributes that emanate from this position include:

• Responsible for oversight, interpretation and application of entire Iowa insurance code, which is analogous to most states.
• Interpretation and application of insurance laws and regulations to specific fact settings on a daily basis.
• Functioned frequently as an APA Hearing Officer, applying insurance law to specific contested facts and rendering scores of written opinions. Topics included rate proposals for workers comp, property/casualty, life and health; agents and insurer license revocations; unfair trade practice matters; and declaration of insolvencies.
• Examination process.
• Reinsurance/ Bulk Reinsurance approvals.

NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS (NAIC),
1986 – 1990.
Concurrent with his service as Iowa Insurance Commissioner, Mr. Hager served as a member of the NAIC. The NAIC is an organization of the insurance commissioners of all 50 states and meets regularly in locations throughout the U.S. to consider and evaluate national insurance issues. The NAIC considers all major insurance issues and formulates responsive model insurance laws and regulations, which are then routinely (but optionally) adopted at the individual state level. In addition, the NAIC promulgates and updates the key insurer financial reporting format, namely the NAIC Annual Statement Blank. The organization is based in Kansas City, Missouri and is staffed by well over 100 personnel.
NAIC Chairmanships:

• Midwest Zone
• Life Insurance Committee
• Universal Life Insurance Task Force
• Life Insurance Product Development Task Force
• Financial Services and Insurance Regulation Task Force

NAIC – Committee Memberships:

•  the Blanks Committee
•  Guarantee Fund Committee
•  Rehabilitator and Liquidators Committee
•  Casualty Actuarial Committee
•  Commercial Lines Committee
•  Valuation of Securities Committee,
•  International Insurance Relations Committee
•  Accounting Practices and Procedures Committee and
•  State and Federal Legislative Committee

PRACTICING ATTORNEY, HAGER & SCHACHTERLE
DES MOINES, IOWA - 1983 to 1986
Following his time in Washington, D.C., Mr. Hager returned to Des Moines and opened his own law firm in 1983. The firm specialized in corporate insurance, regulatory insurance and employee benefit matters. The firm also provided general legal services. Mr. Hager represented numerous clients (companies and agents) in regulatory matters before the Iowa Insurance Department. Representative matters included:

• Policy forms approval
• Rate approval
• Insurer disciplinary matters
• Agent disciplinary matters, and
• Insurer merger acquisition and holding company matters

GENERAL COUNSEL AND DIRECTOR OF GOVERNMENT RELATIONS
AMERICAN ACADEMY OF ACTUARIES
WASHINGTON, D.C. - 1980 to 1983

ADMINISTRATIVE ASSISTANT TO REPRESENTATIVE TOM TAUKE
U.S. HOUSE OF REPRESENTATIVES
WASHINGTON, D.C. - 1979 TO 1980

CHIEF DEPUTY, IOWA INSURANCE DEPARTMENT
DES MOINES, IOWA 1976 TO 1978
Reported directly to Commissioner Herb Anderson. Mr. Hager supervised the following divisions within the Department:

• Property Casualty Division. The Property Casualty Division was responsible of oversight of all property casualty policy forms approvals as submitted by insurers. Additionally, this division was responsible for all related property/casualty rate change proposals.
• Life and Health Division. The Life and Health Division was responsible for oversight of all life and health policy forms approvals as submitted by insurers. Additionally, this division was also responsibly for all related Life/Health rate change proposals.
• Complaints Division. This division was responsible for the processing and oversight of all consumer complaints received by the Insurance Department. In the Department’s resolution of such complaints and where patterns of insurer and agent wrong doing arose, to prosecute the insurers/agents under the Iowa Administrative Procedures Act. Mr. Hager personally led the Administration Prosecution of scores of such cases.
• Agents Licensing Division. This application was responsible for overseeing all agent-licensing applications.

IOWA ASSISTANT ATTORNEY GENERAL
DES MOINES, IOWA - 1975 TO 1976

LEGAL COUNSEL TO THE REPUBLICANS, IOWA HOUSE OF REPRESENTATIVES
DES MOINES, IOWA - 1975 SESSION

EDUCATIONAL BACKGROUND

• University of Northern Iowa, Cedar Falls, Iowa
  Bachelor of Arts degree, Secondary Mathematics Education, 1969
• University of Hawaii, Honolulu, Hawaii
  Master of Education Degree, Psychological Counseling, 1972
• University of Illinois, Champaign, Illinois
  Juris Doctor,1974

BAR ADMISSIONS AND OTHERS
Florida, by exam 2004;
Illinois, by exam 1975 (this license is currently in inactive status);
Iowa, by exam 1975;
United States Supreme Court 1978

Member, the Iowa State Bar Association, Sections on:

• Administrative Law,
• Commercial and Bankruptcy Law,
• Corporate Counsel,
• Government Practice,
• Health Law,
• Litigation,
• Trade Regulation and
• Workers Compensation.

Member, American Bar Association, and Member of the following Sections:

• Administrative Law and Regulatory Practice,
• Antitrust Law,
• Health Law and
• Tort, Trial and Insurance.